Lecture 4. Models of Political Economy

The purpose of this lecture is to introduce some structural characteristics of the global political economy. The first of these is the difference in size of the national units of the global economy, which has been an enduring feature for the past century. The current changes may create new poles but do not alter the basic structure centred on the size of the USA economy. Other characteristics include the relatively low dependency on trade of some important political economies and conversely the high level of energy dependency of some of the largest economies. The size and power of multinational corporations in comparison with non-governmental and inter-governmental organisations is also seen as a continuing structural factor. The final aspect is the number of extant models of national political economies and their reduced number in the last quarter of the 20th century. Different models of political economy produce different income distributions and other social factors. The difference in national income distribution between the nations adhering to the Anglo-American neo-liberal model and nations with other models is discussed as a key generator of politics and as the material underpinning of international relations.

16 slides

1. Power Indicators of Global Structures

2. Economic Size of Nations 2007

3. The New Triad?

4. Multi-National Corporations - Revenues 2009

5. Dependencies: Trade and Energy

6. Dimensions of a Political Economy

7. The Political Importance of the Organisation of Work

8. Theoretical Attempts at Explaining Differences Between Models

9. Current Model Competition

10. Models of Political Economy 1950-1989, 1989 - 2010

11. Trade Unionist Warns of Toxic Model Export

12. National Income Distribution - Richest 10% to Poorest 10%

13. Employers' Costs for Dismissal

14. Child Well- Being in Rich Countries 2007

15. Weeks of Paid Maternity/Paternity Leave Available for Parents (rich countries 2010)

16. Transfers of Financial Resources 1990